Latest in Real Estate Highlight
Latest in Real Estate
Brickzey exclusively markets Arabiano project for Arabia Holding
Company’s target sales of reach EGP 6bn by end-2018, says CEO
City Edge Developments targets EGP 1bn in sales this year in Etapa Project
Company plans to launch a new project in the North Coast this summer, says CEO
El Mostakbal, Al Ahly Real Estate Development seal agreement with NBE for City of Odyssia
NBE will manage project accounts, arrange financing needs, says bank’s vice president
Al-Futtaim targets EGP 4.5bn sales in 2018
Company allocated EGP 2.5bn for construction this year, says managing director
Capital Group allocates EGP 3bn for Al Burouj project construction
Company invests $300m in Al Burouj project
Tameer targets EGP 1.5bn sales from Azad project in New Cairo
Project will be delivered by end-2019, says managing director
Palm Hills looks to direct 16-17% of sales to Egyptian expats this year
Company expects to achieve total sales of EGP 12bn by end-2018, says co-CEO
Egypt is not on international real estate export map: Albert
Colliers expects prices to rise 10% in 2018-2019, says Colliers International Middle East director
Palm Hills targets finalising 11 residential projects within two years: CEO
Company aims to achieve EGP 12bn in sales during 2018
Exporting real estate attracts attention of real estate developers
Egypt needs $750bn investment in infrastructure, says Montasir
3rd phase of partnership projects will include 10,000 feddans: assistant housing minister
New Alamein will be developed through comprehensive development schemes, projects will be put forward to cover middle class housing
Cityscape Egypt draws roadmap for future of real estate
The Cityscape Egypt Conference got off to a positive start on Tuesday as experts and government authorities offered updates on major government projects, revealed ongoing progress in the real estate sector, and highlighted opportunities and challenges in the industry. The conference, which is taking place on Monday and Tuesday, is a prelude to the Cityscape …
Real estate developers eager to invest in Upper Egypt; challenges remain
Upper Egypt needs more development by government, developers say
EGP 10bn: allocated for housing projects in New Cairo in FY 2018/19
About EGP 4bn allocated for current FY
Developers revive demand for land development holding company
Over the past several years, real estate developers have constantly demanded the government establish a holding company to develop land and desert areas in new cities and make them viable for construction through providing basic utilities and infrastructure for the establishment of housing and different services projects. The shortage of affordable land, which is ready …
Egypt achieves breakthrough in providing adequate housing for all societal segments
Throughout 2017, the Ministry of Housing has been working at full force to fully integrate cities and redesign the urban development of Egypt to fit its ever-growing population. The country’s investment in development since mid-2014 reached about EGP 400bn in housing, construction, and urban development projects, according to Real Estate Development Chamber Chairperson Tarek Shoukry. …
Development of slums: because humans are more important than stone
2018 bids anomalies farewell
New Administrative Capital: Dream come true
Since the Egyptian government announced, at the Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh on 13 March 2015, its intention to launch a new capital city (New Administrative Capital), a public outcry has accused the government of launching a media crackdown and building imaginary success based on a far-fetched idea of expanding into the …
Real Estate Chamber submits demands to government to resolve member issues
The Real Estate Development Chamber at the Federation of Egyptian Industries has prepared an ambitious agenda for the current year, which includes a series of files related to real estate companies. The chamber plans to submit a package of demands and initiatives to a number of concerned government agencies to be added to the initiatives made by …
IMF negotiates to involve real estate developers in economic housing
Chairperson of the Real Estate Development Chamber Tarek Shoukry revealed that the International Monetary Fund (IMF) is negotiating with real estate developers to encourage involving private developers in providing economic governmental housing. On Tuesday, the IMF began negotiation meetings with key real estate developers to discuss the possibility of participating in an economic housing programme …
Sovereign fund for real estate sector to be launched soon: planning minister
Construction sector contributed 17.7% to last year’s growth rate
Egypt on track to build 120,000 homes in new capital project
Egypt is currently constructing 60,000 housing units in the country’s anticipated New Administrative Capital, Mohamed Abd El-Latief, general manager of state-run Administrative Capital for Urban Development (ACUD) said Sunday. ACUD is the owner and developer for the New Administrative Capital in Egypt, located 35 kilometres east of Cairo on a total area of 170,000 feddans. …
Recently established Capital Commercial targets EGP 1bn sales
Company will focus on marketing projects in North Coast
MBG launches Pukka project in New Administrative Capital worth EGP 4bn
Company plans to launch another residential project in capital: Capital View, says chairman
EGP 85.052bn cost of establishing 276,600 residential units in FY 2016/2017: CAPMAS
The fiscal year (FY) 2016/2017 witnesses the establishment of 276,600 residential units, implemented by the private and public sector at a cost exceeding EGP 85.052bn, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). In a recent report, the CAPMAS said that the government implemented 59,964 units with investments reaching EGP 34.206bn. Meanwhile, …
SODIC targets EGP 8.7bn of contracted sales in 2018 as it mulls expansion
Company revenue grows with resilient margins despite inflationary backdrop
Concept Egypt achieved EGP 200m contractual sales for Siela North Coast
Project targets sales of EGP 80m in current year
Beta Egypt launches Beta Greens New Cairo with initial investments of EGP 5bn
Company to implement integrated expansion plan this year, interested in investment opportunities available, says chairperson
Construction companies underwent EGP 200bn in construction works in 2017
Sector is first to pay taxes to state, says Abdel Aziz
Emaar Misr achieved gross sales of EGP 11.97bn in 2017
Delivered units reached 1,386 units, with recognised revenues at EGP 4.51bn